Home Healthcare Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Home healthcare is a broad term that includes a variety of software, products, and administrations that are delivered to patients at their homes. The movement of treatment from clinics to homes has been observed all over the world in order to save money and gain cost viability. The surge in healthcare IT sector, technology advancements and rising penetration of mobile phones are expected to boost market growth during the forecast period.
MARKET SCOPE
The "Global Home Healthcare Software Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the home healthcare software market with detailed market segmentation by software, component, mode of delivery and end user. The report provides key statistics on the market status of the leading home healthcare software market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on software the market is segmented as, agency management, clinical management, consulting and support services, hospice software solutions, tele health solutions, and other software.
- Based on component the market is segmented as, software and services.
- Based on mode of delivery the market is segmented as, web based and cloud based.
- Based on end user the market is segmented as, rehab centers, hospice care, homecare institutions, and others.
MARKET DYNAMICS
Drivers:
- Increasing prevalence of chronic disorders and rising geriatric patients across the globe.
- The surge in healthcare IT sector and advancements in overall healthcare sector.
- Increased penetration of smart phones and rising demand for home healthcare software due to benefits such as lower cost of consultation, easy and direct consultation and routine follow ups.
Restraints:
- However, lack of such software in some developing nations along with privacy and security issues with the home healthcare software are likely to restrain market growth during the forecast period.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The home healthcare software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the home healthcare software market in these regions.
IMPACT OF COVID-19 ON HOME HEALTHCARE SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The home healthcare software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the home healthcare software market in these regions.
IMPACT OF COVID-19 ON HOME HEALTHCARE SOFTWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the home healthcare software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from home healthcare software market are anticipated to lucrative growth opportunities in the future with the rising demand for home healthcare software in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the home healthcare software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Agfa-Gevaert Group
- Mckesson Corporation
- NXGN Management, LLC
- GENERAL ELECTRIC COMPANY
- Medical Information Technology, Inc
- Cerner Corporation
- Siemens Healthcare Private Limited
- Allscripts Healthcare, LLC
- Delta Health Technologies, Inc
- WellSky
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Home Healthcare Software Market - By Software
1.3.2 Home Healthcare Software Market - By Component
1.3.3 Home Healthcare Software Market - By Mode of Delivery
1.3.4 Home Healthcare Software Market - By End User
1.3.5 Home Healthcare Software Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HOME HEALTHCARE SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. HOME HEALTHCARE SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HOME HEALTHCARE SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. HOME HEALTHCARE SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. HOME HEALTHCARE SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HOME HEALTHCARE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - SOFTWARE
7.1. OVERVIEW
7.2. SOFTWARE MARKET FORECASTS AND ANALYSIS
7.3. AGENCY MANAGEMENT
7.3.1. Overview
7.3.2. Agency Management Market Forecast and Analysis
7.4. CLINICAL MANAGEMENT
7.4.1. Overview
7.4.2. Clinical Management Market Forecast and Analysis
7.5. CONSULTING AND SUPPORT SERVICES
7.5.1. Overview
7.5.2. Consulting and Support Services Market Forecast and Analysis
7.6. HOSPICE SOFTWARE SOLUTIONS
7.6.1. Overview
7.6.2. Hospice Software Solutions Market Forecast and Analysis
7.7. TELE HEALTH SOLUTIONS
7.7.1. Overview
7.7.2. Tele Health Solutions Market Forecast and Analysis
7.8. OTHER SOFTWARE
7.8.1. Overview
7.8.2. Other Software Market Forecast and Analysis
8. HOME HEALTHCARE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1. OVERVIEW
8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
8.3. SOFTWARE
8.3.1. Overview
8.3.2. Software Market Forecast and Analysis
8.4. SERVICES
8.4.1. Overview
8.4.2. Services Market Forecast and Analysis
9. HOME HEALTHCARE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - MODE OF DELIVERY
9.1. OVERVIEW
9.2. MODE OF DELIVERY MARKET FORECASTS AND ANALYSIS
9.3. WEB-BASED
9.3.1. Overview
9.3.2. Web-based Market Forecast and Analysis
9.4. CLOUD BASED
9.4.1. Overview
9.4.2. Cloud based Market Forecast and Analysis
10. HOME HEALTHCARE SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. REHAB CENTERS
10.3.1. Overview
10.3.2. Rehab Centers Market Forecast and Analysis
10.4. HOSPICE CARE
10.4.1. Overview
10.4.2. Hospice Care Market Forecast and Analysis
10.5. HOMECARE INSTITUTIONS
10.5.1. Overview
10.5.2. Homecare Institutions Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. HOME HEALTHCARE SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Home Healthcare Software Market Overview
11.1.2 North America Home Healthcare Software Market Forecasts and Analysis
11.1.3 North America Home Healthcare Software Market Forecasts and Analysis - By Software
11.1.4 North America Home Healthcare Software Market Forecasts and Analysis - By Component
11.1.5 North America Home Healthcare Software Market Forecasts and Analysis - By Mode of Delivery
11.1.6 North America Home Healthcare Software Market Forecasts and Analysis - By End User
11.1.7 North America Home Healthcare Software Market Forecasts and Analysis - By Countries
11.1.7.1 United States Home Healthcare Software Market
11.1.7.1.1 United States Home Healthcare Software Market by Software
11.1.7.1.2 United States Home Healthcare Software Market by Component
11.1.7.1.3 United States Home Healthcare Software Market by Mode of Delivery
11.1.7.1.4 United States Home Healthcare Software Market by End User
11.1.7.2 Canada Home Healthcare Software Market
11.1.7.2.1 Canada Home Healthcare Software Market by Software
11.1.7.2.2 Canada Home Healthcare Software Market by Component
11.1.7.2.3 Canada Home Healthcare Software Market by Mode of Delivery
11.1.7.2.4 Canada Home Healthcare Software Market by End User
11.1.7.3 Mexico Home Healthcare Software Market
11.1.7.3.1 Mexico Home Healthcare Software Market by Software
11.1.7.3.2 Mexico Home Healthcare Software Market by Component
11.1.7.3.3 Mexico Home Healthcare Software Market by Mode of Delivery
11.1.7.3.4 Mexico Home Healthcare Software Market by End User
11.2. EUROPE
11.2.1 Europe Home Healthcare Software Market Overview
11.2.2 Europe Home Healthcare Software Market Forecasts and Analysis
11.2.3 Europe Home Healthcare Software Market Forecasts and Analysis - By Software
11.2.4 Europe Home Healthcare Software Market Forecasts and Analysis - By Component
11.2.5 Europe Home Healthcare Software Market Forecasts and Analysis - By Mode of Delivery
11.2.6 Europe Home Healthcare Software Market Forecasts and Analysis - By End User
11.2.7 Europe Home Healthcare Software Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Home Healthcare Software Market
11.2.7.1.1 Germany Home Healthcare Software Market by Software
11.2.7.1.2 Germany Home Healthcare Software Market by Component
11.2.7.1.3 Germany Home Healthcare Software Market by Mode of Delivery
11.2.7.1.4 Germany Home Healthcare Software Market by End User
11.2.7.2 France Home Healthcare Software Market
11.2.7.2.1 France Home Healthcare Software Market by Software
11.2.7.2.2 France Home Healthcare Software Market by Component
11.2.7.2.3 France Home Healthcare Software Market by Mode of Delivery
11.2.7.2.4 France Home Healthcare Software Market by End User
11.2.7.3 Italy Home Healthcare Software Market
11.2.7.3.1 Italy Home Healthcare Software Market by Software
11.2.7.3.2 Italy Home Healthcare Software Market by Component
11.2.7.3.3 Italy Home Healthcare Software Market by Mode of Delivery
11.2.7.3.4 Italy Home Healthcare Software Market by End User
11.2.7.4 Spain Home Healthcare Software Market
11.2.7.4.1 Spain Home Healthcare Software Market by Software
11.2.7.4.2 Spain Home Healthcare Software Market by Component
11.2.7.4.3 Spain Home Healthcare Software Market by Mode of Delivery
11.2.7.4.4 Spain Home Healthcare Software Market by End User
11.2.7.5 United Kingdom Home Healthcare Software Market
11.2.7.5.1 United Kingdom Home Healthcare Software Market by Software
11.2.7.5.2 United Kingdom Home Healthcare Software Market by Component
11.2.7.5.3 United Kingdom Home Healthcare Software Market by Mode of Delivery
11.2.7.5.4 United Kingdom Home Healthcare Software Market by End User
11.2.7.6 Rest of Europe Home Healthcare Software Market
11.2.7.6.1 Rest of Europe Home Healthcare Software Market by Software
11.2.7.6.2 Rest of Europe Home Healthcare Software Market by Component
11.2.7.6.3 Rest of Europe Home Healthcare Software Market by Mode of Delivery
11.2.7.6.4 Rest of Europe Home Healthcare Software Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Home Healthcare Software Market Overview
11.3.2 Asia-Pacific Home Healthcare Software Market Forecasts and Analysis
11.3.3 Asia-Pacific Home Healthcare Software Market Forecasts and Analysis - By Software
11.3.4 Asia-Pacific Home Healthcare Software Market Forecasts and Analysis - By Component
11.3.5 Asia-Pacific Home Healthcare Software Market Forecasts and Analysis - By Mode of Delivery
11.3.6 Asia-Pacific Home Healthcare Software Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Home Healthcare Software Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Home Healthcare Software Market
11.3.7.1.1 Australia Home Healthcare Software Market by Software
11.3.7.1.2 Australia Home Healthcare Software Market by Component
11.3.7.1.3 Australia Home Healthcare Software Market by Mode of Delivery
11.3.7.1.4 Australia Home Healthcare Software Market by End User
11.3.7.2 China Home Healthcare Software Market
11.3.7.2.1 China Home Healthcare Software Market by Software
11.3.7.2.2 China Home Healthcare Software Market by Component
11.3.7.2.3 China Home Healthcare Software Market by Mode of Delivery
11.3.7.2.4 China Home Healthcare Software Market by End User
11.3.7.3 India Home Healthcare Software Market
11.3.7.3.1 India Home Healthcare Software Market by Software
11.3.7.3.2 India Home Healthcare Software Market by Component
11.3.7.3.3 India Home Healthcare Software Market by Mode of Delivery
11.3.7.3.4 India Home Healthcare Software Market by End User
11.3.7.4 Japan Home Healthcare Software Market
11.3.7.4.1 Japan Home Healthcare Software Market by Software
11.3.7.4.2 Japan Home Healthcare Software Market by Component
11.3.7.4.3 Japan Home Healthcare Software Market by Mode of Delivery
11.3.7.4.4 Japan Home Healthcare Software Market by End User
11.3.7.5 South Korea Home Healthcare Software Market
11.3.7.5.1 South Korea Home Healthcare Software Market by Software
11.3.7.5.2 South Korea Home Healthcare Software Market by Component
11.3.7.5.3 South Korea Home Healthcare Software Market by Mode of Delivery
11.3.7.5.4 South Korea Home Healthcare Software Market by End User
11.3.7.6 Rest of Asia-Pacific Home Healthcare Software Market
11.3.7.6.1 Rest of Asia-Pacific Home Healthcare Software Market by Software
11.3.7.6.2 Rest of Asia-Pacific Home Healthcare Software Market by Component
11.3.7.6.3 Rest of Asia-Pacific Home Healthcare Software Market by Mode of Delivery
11.3.7.6.4 Rest of Asia-Pacific Home Healthcare Software Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Home Healthcare Software Market Overview
11.4.2 Middle East and Africa Home Healthcare Software Market Forecasts and Analysis
11.4.3 Middle East and Africa Home Healthcare Software Market Forecasts and Analysis - By Software
11.4.4 Middle East and Africa Home Healthcare Software Market Forecasts and Analysis - By Component
11.4.5 Middle East and Africa Home Healthcare Software Market Forecasts and Analysis - By Mode of Delivery
11.4.6 Middle East and Africa Home Healthcare Software Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Home Healthcare Software Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Home Healthcare Software Market
11.4.7.1.1 South Africa Home Healthcare Software Market by Software
11.4.7.1.2 South Africa Home Healthcare Software Market by Component
11.4.7.1.3 South Africa Home Healthcare Software Market by Mode of Delivery
11.4.7.1.4 South Africa Home Healthcare Software Market by End User
11.4.7.2 Saudi Arabia Home Healthcare Software Market
11.4.7.2.1 Saudi Arabia Home Healthcare Software Market by Software
11.4.7.2.2 Saudi Arabia Home Healthcare Software Market by Component
11.4.7.2.3 Saudi Arabia Home Healthcare Software Market by Mode of Delivery
11.4.7.2.4 Saudi Arabia Home Healthcare Software Market by End User
11.4.7.3 U.A.E Home Healthcare Software Market
11.4.7.3.1 U.A.E Home Healthcare Software Market by Software
11.4.7.3.2 U.A.E Home Healthcare Software Market by Component
11.4.7.3.3 U.A.E Home Healthcare Software Market by Mode of Delivery
11.4.7.3.4 U.A.E Home Healthcare Software Market by End User
11.4.7.4 Rest of Middle East and Africa Home Healthcare Software Market
11.4.7.4.1 Rest of Middle East and Africa Home Healthcare Software Market by Software
11.4.7.4.2 Rest of Middle East and Africa Home Healthcare Software Market by Component
11.4.7.4.3 Rest of Middle East and Africa Home Healthcare Software Market by Mode of Delivery
11.4.7.4.4 Rest of Middle East and Africa Home Healthcare Software Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Home Healthcare Software Market Overview
11.5.2 South and Central America Home Healthcare Software Market Forecasts and Analysis
11.5.3 South and Central America Home Healthcare Software Market Forecasts and Analysis - By Software
11.5.4 South and Central America Home Healthcare Software Market Forecasts and Analysis - By Component
11.5.5 South and Central America Home Healthcare Software Market Forecasts and Analysis - By Mode of Delivery
11.5.6 South and Central America Home Healthcare Software Market Forecasts and Analysis - By End User
11.5.7 South and Central America Home Healthcare Software Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Home Healthcare Software Market
11.5.7.1.1 Brazil Home Healthcare Software Market by Software
11.5.7.1.2 Brazil Home Healthcare Software Market by Component
11.5.7.1.3 Brazil Home Healthcare Software Market by Mode of Delivery
11.5.7.1.4 Brazil Home Healthcare Software Market by End User
11.5.7.2 Argentina Home Healthcare Software Market
11.5.7.2.1 Argentina Home Healthcare Software Market by Software
11.5.7.2.2 Argentina Home Healthcare Software Market by Component
11.5.7.2.3 Argentina Home Healthcare Software Market by Mode of Delivery
11.5.7.2.4 Argentina Home Healthcare Software Market by End User
11.5.7.3 Rest of South and Central America Home Healthcare Software Market
11.5.7.3.1 Rest of South and Central America Home Healthcare Software Market by Software
11.5.7.3.2 Rest of South and Central America Home Healthcare Software Market by Component
11.5.7.3.3 Rest of South and Central America Home Healthcare Software Market by Mode of Delivery
11.5.7.3.4 Rest of South and Central America Home Healthcare Software Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. HOME HEALTHCARE SOFTWARE MARKET, KEY COMPANY PROFILES
13.1. AGFA-GEVAERT GROUP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. MCKESSON CORPORATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. NXGN MANAGEMENT, LLC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GENERAL ELECTRIC COMPANY
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. MEDICAL INFORMATION TECHNOLOGY, INC
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. CERNER CORPORATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. SIEMENS HEALTHCARE PRIVATE LIMITED
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ALLSCRIPTS HEALTHCARE, LLC
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. DELTA HEALTH TECHNOLOGIES, INC
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. WELLSKY
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
- Agfa-Gevaert Group
- Mckesson Corporation
- NXGN Management, LLC
- GENERAL ELECTRIC COMPANY
- Medical Information Technology, Inc
- Cerner Corporation
- Siemens Healthcare Private Limited
- Allscripts Healthcare, LLC
- Delta Health Technologies, Inc
- WellSky
- Axxess
- Daffodil Software
- Alora Healthcare Systems, LLC
- HHAeXchange
- CareVoyant Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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